Data as of Oct 28, 2026.
BOND vs SCHP: Differences, Returns & Fees
Over the year to Oct 28, 2026, BOND returned −1.4% to SCHP's −0.8%, and SCHP charges 0.03% to BOND's 0.54%.
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Net assets on Jun 30, 2026: $8.3bn for PIMCO Active Bond Exchange-Traded Fund and $16.5bn for Schwab U.S. TIPS ETF.
Pair scorecard
SCHP costs 0.51 points a year less; their one-year returns differ by 0.6 points; SCHP is 2.0 times larger.
| Measure | BOND | SCHP |
|---|---|---|
| Return | ||
| Total return, 1 year | −1.4% | −0.8% |
| Drawdown | ||
| Below its high | 3.1%, high on Feb 27, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | US TIPS |
| Cost and size | ||
| Expense ratio | 0.54% | 0.03% |
| Net assets, as of Jun 30, 2026 | $8.3bn | $16.5bn |
| Holdings | ||
| Holdings in common | 3% | |
Holdings in common uses holdings dated Jun 30, 2026. Method
Risk and return
Mar 9, 2012 to Oct 23, 2026 · 763 weekly returns · each against AGGBOND returned more: +47.4% to +31.2%. BOND swung less: 4.9% to 5.4%. SCHP fell less at its worst: −14.0% to −19.5%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | BOND | SCHP | AGG | Edge | How it is measured |
|---|---|---|---|---|---|
| Return | |||||
| Total return | +47.4% | +31.2% | BOND | Price change plus distributions, reinvested. | |
| Annualized | +2.7% | +1.9% | BOND | Total return as a yearly rate. | |
| Price return | −12.6% | −9.3% | SCHP | Price change alone, distributions left out. | |
| Risk | |||||
| Volatility | 4.9% | 5.4% | BOND | Spread of weekly returns, annualized. Lower is steadier. | |
| Downside deviation | 3.6% | 4.1% | BOND | Like volatility, counting only weeks below the Treasury bill rate. | |
| Max drawdown | −19.5% | −14.0% | SCHP | Deepest fall from a high to the low after it. | |
| Upside capture | 102.2% | 96.3% | 100.0% | BOND (slight) | Share of its benchmark's rise caught in the weeks it rose. |
| Downside capture | 95.5% | 95.2% | 100.0% | Tie | Share of its benchmark's fall taken in the weeks it fell. Lower is better. |
| Beta | 0.97 | 0.91 | 1.00 | SCHP lower | How far it moves for each 1% its benchmark moves. |
| R squared | 0.88 | 0.63 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | |||||
| Sharpe | 0.21 | 0.05 | BOND | Return above Treasury bills per unit of volatility. | |
| Sortino | 0.28 | 0.06 | BOND | Return above Treasury bills per unit of downside deviation. | |
| Treynor | 0.010 | 0.003 | 0.001 | BOND | Return above Treasury bills per unit of beta. |
| Calmar | 0.14 | 0.13 | BOND (slight) | Annualized return divided by the max drawdown. | |
| Against the benchmark | |||||
| Benchmark | AGG | AGG | AGG | The ETF each fund is measured against. | |
| Alpha | +0.9% a year | +0.1% a year | 0.0% | BOND significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.05 | 0.16 | Not an edge | How sure the alpha is. Below 2, it could be chance. | |
| Alpha range | 0.0% to +1.7% | −1.6% to +1.8% | SCHP's includes zero | The 95% range for the yearly alpha. | |
| Information ratio | 0.53 | 0.04 | BOND | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.7% | 3.3% | 0.0% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 763 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, BOND and SCHP hold 3% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026.
half
3% in common
Only in one fund ↓
Side by side
BOND and SCHP on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
BOND and SCHP do different jobs. What does each one do in a portfolio?
- What each follows. BOND follows No index, actively managed and SCHP follows US TIPS.
- Holdings in common. 3% of the weight is in the same securities (holdings dated Jun 30, 2026).
- Number of holdings. BOND holds 1,565 positions and SCHP holds 48.
Data as of Oct 28, 2026.
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BOND
BOND is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned −1.4% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg U.S. Aggregate Index. The prospectus expense ratio is 0.54% a year. It sat 3.1% below its high of Feb 27, 2026 on Oct 28, 2026.
SCHP
SCHP tracks an index of US TIPS. Over the year to Oct 28, 2026 it returned −0.8% with distributions reinvested, against −1.4% for its benchmark, the Bloomberg US Aggregate Bond Index. The prospectus expense ratio is 0.03% a year.
Questions people ask
- Which returned more over the last year, BOND or SCHP?
- In the year to Oct 28, 2026, with distributions reinvested, BOND returned −1.4% and SCHP −0.8%.
- Which is cheaper, BOND or SCHP?
- SCHP is cheaper, by 0.51 percentage points a year. That is about $51 on $10,000 held for a year. Fees come from each fund's prospectus.
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How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, BOND against SCHP, data as of Oct 28, 2026. https://etfiq.com/compare/any/bond-vs-schp
ETFIQ. (Oct 28, 2026). BOND against SCHP. Retrieved from https://etfiq.com/compare/any/bond-vs-schp
[BOND against SCHP (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/bond-vs-schp)
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